NY15m ORB with a fixed SL & TP (Nasdaq)
This strategy uses the NY open range of 15m to look for long or short entries on the Nasdaq (NQ)
It is created using a combination of a number of different examples of ORB strategies.
It is also used specifically for "futures" trading as the amount of contracts used is also adjustable.
The breakout confirmation is adjustable with the amount of candles to be deemed correct by the user. The timeframe makes a big difference to the breakout time.
The most profitable settings was found to be on the 5 min time frame, with 2 candles used as confluence for a valid breakout.
A SL of 60 points and a TP of 200 points is suggested.
Long and short position boxes is also drawn to assist with SL and TP positioning.
Please leave any comments or suggestions to enhance your experience?
This strategy (indicator) is for educational purposes only.
It is created using a combination of a number of different examples of ORB strategies.
It is also used specifically for "futures" trading as the amount of contracts used is also adjustable.
The breakout confirmation is adjustable with the amount of candles to be deemed correct by the user. The timeframe makes a big difference to the breakout time.
The most profitable settings was found to be on the 5 min time frame, with 2 candles used as confluence for a valid breakout.
A SL of 60 points and a TP of 200 points is suggested.
Long and short position boxes is also drawn to assist with SL and TP positioning.
Please leave any comments or suggestions to enhance your experience?
This strategy (indicator) is for educational purposes only.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.